SpotOption Binary Options offices raided by FBI; CEO: I may close the company LeapRate

Pini Peter SpotOption

January 15, 2018 BY LeapRate Staff

SpotOption Binary Options offices raided by FBI; CEO: I may close the company

After we reported last week that the FBI had sent investigators to Israel as part of their ongoing fraud investigation of Lee Elbaz, former CEO of several Binary Options broker brands, Israel business news website TheMarker has reported that those FBI investigators last week raided the offices of leading Binary Options platform provider SpotOption. Lee Elbaz…

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UFX weekly fx market review

January 14, 2018 BY LeapRate Staff

UFX.com Weekly Trading Review: MoneyGram-Alibaba deal blocked, VW’s $290M payout

Your Weekly Trading Review by UFX.com – Sunday, January 14th, 2018 Some of this past week’s leading economic news and events affected the financial markets: The EUR/USD and GBP/USD increased by 1.41% and 1.40%, respectively. Gold rose by 0.94%, while Crude Oil saw an increase in value of 0.78%. The 3 major US indices all saw positive…

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saxo bank fx volumes

January 14, 2018 BY LeapRate Staff

Saxo Bank reports slow December with multi asset volumes down 26% MoM to $289 billion

Following a strong November which saw its most activity of the year, Copenhagen based multi asset broker Saxo Bank has reported that it ended 2017 with a somewhat slow month of December. December volumes totaled $289 billion at Saxo Bank, down 26% from November's $388 billion. FX volumes comprised 68% of the total in December…

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forex industry news update

January 14, 2018 BY LeapRate Staff

FX Industry Week Review: FBI investigates Binary Options fraud, MT4 sales stopped, Pepperstone exec leaves, and lots more…

As 2018 trading pulled into full swing with the new year's first complete week of activity, so did Forex Industry News. And, carrying over from last year, all the key stories appeared only at LeapRate including two key executive moves involving some of the world's leading FX brokers. Who's in and who's out after a…

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January 12, 2018 BY Valentina Kirilova

Solactive expands family of USD High Yield Corporates Indices

Solactive announced that it is adding three new indices to its family of high yield corporate bond indices, which have been developed as the basis for three new Xtrackers ETFs issued this week and trading on the NYSE. The three indices are the Solactive USD High Yield Corporates Total Market 0-5 Year Index (SOLHYCST), the…

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INTL FCStone’s Carsten Hils discusses the impact the current crisis has on FX markets

January 12, 2018 BY Valentina Kirilova

Cryptocurrency operations forge ahead despite rising regulatory concerns

Mentioned in an article regarding the cryptocurrency market published recently on CBSNews.com MoneyWatch , a small bright spot for the cryptocurrency future, JPMorgan Chief Executive Jamie Dimon told Fox Business News he regretted calling bitcoin a "fraud" and threatening to fire employees who traded the digital money. Though Dimon described bitcoin's underlying blockchain technology as…

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January 12, 2018 BY Valentina Kirilova

FIA Tech launches Secure Lockbox for indirect clearing data

Another news from FIA Tech today, the company announced the expansion of its Owner & Controller Repository (OCR) service to securely and confidentially store data for firms offering indirect clearing services under MIFID II. The new Indirect Clearing Lockbox capability allows indirect clearers to store their client account data securely to be accessed by their…

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January 12, 2018 BY Valentina Kirilova

EIB to finance a boost in production levels in Bulgaria with a €100 million loan

Bulgarian Presidency begins with EIB loan of EUR 100 million under Juncker Plan for agri-pharma business Huvepharma The European Investment Bank (EIB) loan guaranteed by the European Fund for Strategic Investments (EFSI) will create more than 200 jobs in rural areas and strengthen the agriculture sector in Bulgaria. The deal was signed in Sofia in…

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January 12, 2018 BY Valentina Kirilova

Latoex launches Ethereum blockchain trading platform for digital assets

Latoex, the development company that introduces the financial industry of Latin America to the crypto space, just announced its trading platform for digital assets. The trading platform, named Andes, provides ready-to-use tools to implement the strengths of blockchain into traditional assets. From comprehensive technical analysis to descriptive components - the platform grants its financial institutions…

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Regulation

January 12, 2018 BY Valentina Kirilova

ASIC acts against Melbourne-based financial services and credit business

The Federal Court of Australia informed that it has made interim orders restraining Financial Circle Pty Ltd (Financial Circle) from engaging in a number of activities including carrying on a financial services business, providing financial advice or entering into credit contracts. ASIC commenced proceedings in the Federal Court against Financial Circle on 15 December 2017…

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